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The goal of the White House plans for forgiveness of the student loan of the Biden era
“The Editorial Staff of America Dana Perino joins” Fox & Friends “to discuss the efforts of the White House to close Biden’s student credit programs and share the ideas of her new book” I would like someone to tell me. “
Those default or refuse to pay federal Student loans May have your salary, federal pensions and tax return, White House said on Tuesday.
White House press secretary Caroline Levita told reporters at a weekly briefing that the Trump administration will follow those who will not repay the loans rather than complicate the load on taxpayers.
“The government may also collect a federal loan debt for a student loan by default, giving up money from borrowers, tax return, federal pensions and even their wages,” she said.
Trump still needs the help of Congress in terms of cancellation of the education department
Those who have a default on their federal loan loan may have their salary. Taxes and federal pensions are decorated, Trump administration said on Tuesday. (Getti Image)
A Department of Education On Monday, he stated that in May, since 2020, he would restore federal student loans collections. According to Levit, the student loan portfolio is almost 1.6 trillion. Dollars, and less than four out of ten borrowers up to speed with their loans.
In general, the official stated that there are 4 million borrowers who are at the latest on the payment, which means that they are late from 91 to 180 days for payment.
“This is impossible, unfairly and great responsibility for US taxpayers. The debt cannot be destroyed. It is just transferred to others,” she said. “So why did the Americans who did not go to college or have paid their loans responsibly, pay for the student loans of other Americans? Trump administration will never force taxpayers to pay student loans that do not belong to them.”
According to the agency, the decline
Student loan borrowers demanded the then President Joe Biden to immediately abolish his student debt at a rally outside the Supreme Court on June 30, 2023 in Washington, Columbia County (Getti Image)
A few months later, almost 10 million people may be in the Department of Education.
A Biden Administration Attempted to raise millions of student loans, but in some cases was blocked.
“US taxpayers will no longer be forced to serve as a position for the irresponsible student loans,” said Education Secretary Linda McMahon. “The Biden administration misleads the borrowers: the executive power has no constitutional powers to destroy the debt and does not disappear with the remains of the loan. Hundreds of billions have already been transferred to taxpayers.”
Trump administration has long said what is taxpayer It is not necessary to make a bill on trillions of dollars in student debt.
On Tuesday, Trump’s administration said it would go after wages, pensions and tax return to refuse the federal student loan debt. (Olivier Doulyiery/AFP via Getty Images)
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“We need to get our financial home in order and restore common sense in our country,” Levita said. “If you take a loan, you have to pay it back. It’s very simple. President Trump will no longer beat on the road.”
